SEBI Introduces New Sub-Regulations on Investor Rights for Alternative Investment Funds [Read Notification]
The sub-regulation ensures that investors in AIF schemes have rights proportional to their commitment in each investment and the distribution of its proceeds. This pro-rata allocation rule applies unless otherwise specified by SEBI.
By Navasree A.M - On November 20, 2024 3:38 pm - 2 mins read
The Securities and Exchange Board of India ( SEBI ), vide notification no. SEBI/LAD-NRO/GN/2024/209 dated 18th November 2024 has introduced amendments to the regulations governing Alternative Investment Funds (AIFs) through the Securities and Exchange Board of India (Alternative Investment Funds) (Fifth Amendment) Regulations, 2024. Under the revised regulations, a new sub-regulation (20) has been added…
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